Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2015
I Received a land as a Gift from my Grandfather in F.Y 1982-83 , Which cost my Grandfather Rs 50000 in That year. In F.y 2014-15 i sold that land for Rs 5.5 cr.
Pls tell me capital gain treatment.
And how can i save my captail gain Tax.
Pls tell me capital gain treatment.
And how can i save my captail gain Tax.
20 November 2015
Invest the net consideration u/s 54F in either purchasing a house within 2 years and construct a house within 3 years. The condition is you should not own more than one house and the un utilized consideration has to be deposited in capital gains ac before the due date of filing the return.
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